106 3rd St Wortham, TX 76693
This exceptional investment opportunity presents a 9,100 square foot shopping center in Wortham, Texas, fully occupied by a Dollar General store under a triple-net (NNN) lease. The property, situated on a 0.69-acre lot at 106 N 3rd St (APN 43051-00006), boasts a 6.80% cap rate and a substantial net operating income (NOI) of $84,651. Built in 2016, the metal building with a concrete block facade benefits from a long-term lease extending until August 30, 2031, with three to five-year renewal options at a 10% base rent increase. The property enjoys 100% occupancy and minimal landlord responsibilities, making it an attractive, low-maintenance investment. Located in a residential area with an estimated 5,000 average annual daily traffic (AADT), this Dollar General store benefits from its established presence within a Fortune 500 company with approximately 18,912 locations nationwide. The asking price is $1,244,867. This presents a secure, long-term investment opportunity with a highly reputable tenant and strong financial performance indicators. The property's strategic location and the tenant's financial stability contribute to its significant value and potential for future growth. The minimal landlord responsibilities further enhance the appeal of this investment, offering a streamlined and efficient ownership experience. This is a rare opportunity to acquire a well-performing, stable retail property with a proven track record.
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Western Union Bank Credit Union
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Redbox Cinema (Bike/Boat/Book/etc) Store
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Dollar General Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
AA1 · Wortham, TXWortham. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.